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Korean shipyards at order heyday cannot keep up due to labor shortage

South Korean shipyards are enjoying a heyday with enough backlog from last year’s orders to keep each of them busy for two to three years, but they cannot be jubilant as they run short of manpower to meet orders and advance technology upon losing skilled work force during the decade-long slump. According to the Korea Offshore & Shipbuilding Association (KOSHIPA), Korea Shipbuilding & Offshore Engineering, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries lost 72 percent of their engineering designers from 18,643 in 2015 to 5,236 last year and ...

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Korean Shipbuilders Account for Nearly 70% Global LNG Carrier Orders

Global orders for LNG carriers totaled 7,678,585 CGT (89 standard ships) in the first half of this year, according to Clarkson Research, a British shipbuilding and shipping market analysis agency. The figure represented a 416 percent increase from 148,6795 CGT or 18 standard ships in the first half of last year. More than 70 percent of the global LNG carrier orders went to the three Korean shipbuilders — Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering (DSME). The trio’s combined order intake in the first half ...

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Damen set to deliver CSD500 for mining operation

Damen is set to deliver a customised Cutter Suction Dredger, type CSD500, next month. The stock vessel is customised at present to meet the specific requirements of the operation. A swift delivery is possible because Damen has most options available in stock. The dredger will be transported to the site, a mining plant in Eastern Africa, just weeks after receiving the order. “As Damen we have been present in this region for over three decades,” Mr Hugo Doorenbos, Area Sales Manager, explains. “We know the specifics of our customers’ operations ...

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DSME Scratches off Contract for One LNG Carrier Again Due to Non-payment

Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 30 that it has canceled a contract for an LNG carrier under construction as the European shipowner failed to make the interim payment within the due date. Industry insiders believe that the vessel is an icebreaking LNG carrier to be used in Russia, and the shipowner probably could not pay due to the financial sanctions imposed on Russia. DSME announced on the same day that it would revise the number of vessels it is obliged to deliver under the contract signed ...

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Global LNG Carrier Market Continuing to Grow

Clarksons Research announced on June 29 that a total of 108 LNG carriers were ordered in the first half of this year. The figure is an all-time high, exceeds last year’s total, 86, and increased even with the overall new ship orders on the decline in that period. More than half of the orders went to South Korean shipbuilders. Specifically, Korea Shipbuilding & Offshore Engineering, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries won 21, 18 and 24, respectively. Samsung Heavy Industries received orders for 14 LNG carriers on ...

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Reederei Gerdes orders second Damen Combi Freighter 3850

Damen to build a second Combi Freighter 3850 for Reederei Gerdes Efficient short sea general cargo vessel German short sea shipping specialist ship owner company Reederei Gerdes signed the order for Damen Cargo Vessels to build a second Combi Freighter 3850, following delivery of the Benabell G in September last year. The new vessel of the same type will be named the Kalli G. This addition to the fleet will increase overall efficiency. Impressive performance of the Damen CF 3850 that was taken into service end of 2021, convinced Reederei ...

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Drydocks World, Kanfa AS tie up for FPSO vessel job

Drydocks World has signed a contract with Kanfa AS, a Norwegian independent process house, to deliver a topside module for an offshore oil production vessel. This is the first collaboration between Drydocks World and Kanfa, a statement said. The M10 module will be placed on the main deck of a floating production, storage and offloading (FPSO) vessel. It will be used to process crude oil received from oil wells, which will be dewatered and stabilised to meet export quality specifications. Weighing approximately 700 tons, the process module is scheduled for ...

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GTT signs a major contract for its “smart shipping” solution with an important player in liquefied gas shipping

GTT announces the signature of a major contract for its Smart shipping solutions, GTT Digital, to equip more than thirty vessels of a major player in the shipment of liquefied gases within two years. This contract includes the deployment of sensors, automatic data collection systems and intelligent software to manage and optimize the energy and environmental performance of the vessels. The contract also provides a periodic consulting support of GTT Digital’s experts to perform customized data analysis and produce dedicated operational reporting. For several years, GTT Group, through its Smart ...

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The first Suezmax LNG dual fuelled crude oil tanker delivered in China

The world’s first Suezmax LNG dual fuelled crude oil tanker was delivered in Guangzhou City, south China’s Guangdong Province this week. Suezmax refers to the largest vessel navigable in the Suez Canal, with a deadweight tonnage (dwt) of about 150,000 tonnes. The 158,000-dwt vessel delivered can be powered by both LNG and crude oil. When it is propelled by LNG, the vessel can reduce carbon dioxide emissions by 20 percent, nitrogen oxide emissions by 85 percent, and sulfur and particulate emissions by 99 percent. The vessel’s main engine is supplied ...

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TGE Marine: Contract for two CO2 Carriers

TGE Marine Gas Engineering GmbH (TGE Marine) has earlier this year been awarded the engineering, procurement, construction and supervision (EPCS) contract for two CO2 carriers that will transport liquid CO2 to the new Northern Lights CO2 storage facility. Northern Lights is developing infrastructure to transport CO2 by ship from industrial emitters in Norway and other European countries to a receiving terminal in western Norway for intermediate storage before being further transported by pipeline for permanent storage in a geological reservoir 2,600 metres under the seabed. The first two CO2 carriers ...

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MHI-MME Marks the 10th Anniversary of Steering Gear Licensing Agreement with Jiangsu Masada Heavy Industries Co, Ltd.

Mitsubishi Heavy Industries Marine Machinery and Equipment Co., Ltd (MHI-MME) marked the 10th anniversary of steering gear license agreement with Jiangsu Masada Heavy Industries Co., Ltd. (Jiangsu Masada). A commemoration event, with concerned parties from Jiangsu Masada and officials from the Nantong municipal government present on a remote basis, was held in celebration of this 10th anniversary. Jiangsu Masada is a manufacturer of marine machinery, such as steering gears, deck cranes, and deck machineries. The company was founded in 2005 in Nantong city, Jiangsu province, China. MHI-MME concluded a license ...

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Grenadiers Meet At The Pacific Ineos Grenadier Naming Ceremony

Yesterday in Houston, one of the world’s largest ethane carriers came face to face with its namesake, the INEOS Grenadier 4X4, at the ship’s official christening ceremony. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Named after the rugged off-road vehicle, the Pacific INEOS Grenadier is a 99,000 CBM VLEC (Very Large Ethane Carrier) and is the latest ship to join the INEOS fleet. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises ...

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Additional Methanol-fueled Ship Contract Anticipated

Maersk, which signed a methanol-fueled ship contract with Korea Shipbuilding & Offshore Engineering last year, is expected to order more ships of that type, which have a price of more than 200 billion won each. The contract signed last year is to build 12 methanol-fueled container carriers, about 16,000 TEU each. Maersk is in talks with Korea Shipbuilding & Offshore Engineering, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries for the additional contract. The new contract depends on when the new ships should be delivered,” said an industry source, ...

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Damen delivers modular DOP Dredger to Mozambique

Damen designed and built the dredger to EMODRAGA’s specifications. At 15 m long and 7 m wide, the DOP Dredger can be dismounted and easily transported by trucks, even to remote locations. Additionally, reassembly can be done swiftly due to its plug ‘n play design and the limited unit weight. Maintenance dredging Equipped with a jet water-assisted suction head, the submersible dredge pump will be able to reach high mixture concentrations during its maintenance dredging activities, pumping some 800 m3/h. The dredger also has a very limited draught to guarantee ...

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Milestone for Strategic Marine’s StratCat 27 program as it sells first pair to Manor Renewable Energy

Strategic Marine (S) Pte Ltd (“SMS”) has sold two StratCat 27 (SC27) Crew Transfer Vessels (CTVs) to a new client, Manor Renewable Energy (MRE), a leading UK-based renewable energy service provider. This is the first sale to the MRE Group, which provides a range of survey and positioning services and fleet vessels for offshore wind projects worldwide. Strategic Marine’s SC27 was developed in collaboration with design partner BMT and launched in May last year. Widely welcomed by the industry, the vessel meets the increasing demands of the offshore wind industry ...

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